ANN ARBOR, Mich., Oct. 25 /PRNewswire/ -- ABN AMRO Mortgage Group, Inc.,
one of the nation's leading mortgage lenders, recently completed updates to
its online retail lending channel, http://mortgage.com . The updates, which
mark the end of several months of planning and preparation, include the
addition of a variety of new products and expansion of mortgage.com's popular
"My Mortgage" service.
"The expansion of mortgage.com products and services is a reflection of
ABN AMRO Mortgage Group's commitment to making the home buying process
simpler," said Garth Graham, senior vice president, strategic technologies and
e-commerce. "By introducing new products that meet the most unique homebuyer
needs, mortgage.com is able to help consumers obtain the right mortgage
product quickly and efficiently. mortgage.com empowers consumers -- and now,
more customers than ever before -- by giving them all of the tools they need
to research and obtain a mortgage loan in the convenience of their own home,
on their own time."
New products added to mortgage.com include interest-only mortgage loans,
second mortgage products, stated income and stated asset products as well as
AAMG's DreamFirst emerging markets product suite. 80/20 mortgage loan
products and expanded tiers for jumbo mortgages are also available on
mortgage.com.
Additionally, mortgage.com now includes an expanded "My Mortgage" service
that alerts customers to ways they can save money on their existing home loan.
"My Mortgage" previously allowed current AAMG customers to view mortgage
information and make payments online, as well as the ability for new customers
to apply for a new mortgage or refinance online and view submitted loan
applications or loans in process.
"My Mortgage" now also includes integrated home equity and second mortgage
options for AAMG customers, automatically letting them know if they are
eligible for refinance or a second mortgage or home equity line. Non-AAMG
customers can now use "My Mortgage" to view first and second mortgage options,
apply for both a first and second mortgage at the same time or simply apply
for a stand-alone home equity loan.
AAMG's mortgage.com site will be accessible via its LaSalleBank.com Web
site later this year, providing LaSalle Bank Corporation retail customers with
access to a full complement of financial services. AAMG's planned future
updates to mortgage.com include a Spanish version of the Web site that will
also be accessible at http://www.Hipoteca.com upon its launch in 2006.
Year-to-date*, more than $2.3 billion in loan production has been
generated through mortgage.com. mortgage.com production represents
approximately 25 percent of AAMG's overall retail lending totals.
*Year-to-date = January 1 through September 30, 2005
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is one of the largest loan originators and loan
servicers in the United States. ABN AMRO Mortgage Group produces mortgage
loans and provides related services through its various divisions. ABN AMRO
Mortgage Group has approximately 3,000 employees located throughout the
United States.
About ABN AMRO N.V.
Netherlands-based ABN AMRO is a leading international bank with total
assets of EUR 855.7 bln (as of June 30, 2005). It has over 3,000 branches in
more than 60 countries and territories, and has a staff of about 98,000 full-
time equivalents worldwide. ABN AMRO is listed on the Euronext and New York
stock exchanges.
SOURCE ABN AMRO Mortgage Group, Inc.
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Related links:
http://www.abnamro.com
http://mortgage.com
CONTACT:
Jennifer Cornell of Eiler Communications,
+1-734-761-3399, or Jenn@EilerPR.com for ABN AMRO Mortgage Group,
Inc.
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